Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Arnbrook Plc June 06
- This topic has 6 replies, 2 voices, and was last updated 5 years ago by John Moffat.
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- April 18, 2019 at 3:00 am #513326
Hi
In part (C) why are we not taking into account the 90000 we pay the bank when calculating the savings. Isn’t that an expense that is reducing our savings?April 18, 2019 at 6:15 am #513346What $90,000?
The saving is the difference between the interest that would have been paid, and the interest that ends up being paid.
April 18, 2019 at 6:31 am #513349Ok, thankyou!
April 18, 2019 at 2:14 pm #513394though i believe that the 90000 fee that we pay the bank should be deducted from the yearly saving that we make. But the examiner has not considered that.
April 18, 2019 at 2:57 pm #513404The questions asks about the savings.
The examiners answer does refer to the annual fee immediately before the PV calculation.
I still do not know where you are getting 90,000 from. The fee is 120,000 per year.
April 18, 2019 at 3:46 pm #513408ok. this is the kaplan kit, i guess they have once again changed the figures.
thanks for your answer!
April 18, 2019 at 4:59 pm #513431You are welcome 🙂
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